The best way to put a stop to digital lenders from messaging or calling people from your phonebook
In the aftermath of Whitepath Credit news in the mainstream media. There is a need to put a stop to this. And it all begins with you. They recently formed a Whatsapp group and added all of one of their customers' contact information, impersonating him as if he was about to commit suicide because he was unable to pay his KES 25K debt that he borrowed from the app.
Now that the trend has been going on for a while, the government has done its part. As a result, yours is required. Occasionally, around March of last year, the Kenyan central bank moved quickly to enact laws that protected users' data, particularly when dealing with digital lenders. It forbade them from communicating with anyone other than the authorized referees.
Most digital companies avoided the trend, but Whitepath Credit is the most recent offender.
How do you put a stop to them?
The digital lenders are thought to be worth billions of dollars in profits from poor citizens. Even though they will be fined KES 5 million, it will be a drop in the bucket. That is, they will gladly pay the sum and continue their evil deeds.
They will lose their license if they are reported or fined multiple times. They will, but will that deter them? No, because the next day they will form a new company with different directors and continue their deeds.
So, at all costs, you must protect your data from them in the following ways:
1. Deny them access to your contact list: The phone will ask for your permission before they can read your phonebook. However, if you deny this, they will decline your loan application. As a result, this is not the final solution.
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2. After the loan, uninstall the app. This was rumored to be working, but it is not. Once they have selected your entire contact list. They will save them in their database and will be able to retrieve them even if you uninstall the app. They own the data in perpetuity.
3. Provide incorrect data: This is the ultimate solution. Why? If you enable the feature, the majority of your contact list will be saved on your Gmail account. So, first, backup all of your data on your gmail account, then uninstall gmail from your phone. After you've deleted your real contact list, save a few random false contact lists with fake names on your phone. Now, go back to the app and grant them access to your phonebook. They will upload incorrect data. When they try to contact these people, they either don't know you or don't exist. It means your family and friends will not receive threats or phone calls.
Conclusion
It is critical to protect yourself from embarrassment from these greedy predators in the name of providing emergency loans. First, the loans are expensive, but if you are late by a day, they will ruin your life. So, to save yourself, follow the advice listed above.